The Federal Government, through the Presidential Initiative on Compressed Natural Gas (CNG) and Electric Vehicles, yesterday launched the ‘Northern Corridor’ of the CNG and electric vehicle transport programme in Kano State. The initiative is aimed at promoting cleaner, affordable and sustainable transportation while reducing the cost of movement of goods and passengers across the country. The event, which was held at the Sani Abacha Stadium, attracted government officials, investors, transport stakeholders and representatives of the Kano State government. Representing Vice-President Kashim Shettima, Deputy Chief of Staff to the President, Senator…
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FG removes import duties on electric vehicles, transit buses
Federal Government has granted a waiver on import duties for electric vehicles and mass transit buses as measures to ease inflation caused by the ongoing Middle-East crisis on Nigerians and boost affordability. The development is contained in a statement in an 𝕏 post on Monday, by the Special Assistant to the President on Social Media, Dada Olusegun. Olusegun noted that the move was part of the new fiscal measures aimed at easing economic pressure on Nigerians and curbing inflationary pressures following the President’s directive to key economic officials. Olusegun said…
Read MoreSenate moves to phase-out petrol cars, considers electric vehicle Bill
A Bill seeking to establish legal and policy frameworks for Nigeria’s transition from petrol-powered vehicles to electric vehicles (EVs) has scaled second reading at the senate. Sponsor of the Bill, Orji Uzor Kalu, said the proposal aims to reduce carbon emissions, promote local manufacturing, and position Nigeria to benefit from the global shift towards clean mobility. Kalu said the transport sector accounts for about 20 to 30 percent of greenhouse gas emissions in Nigeria, adding that the country risks falling behind other African economies that have begun large-scale electric mobility…
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